Pure Storage, Inc. (PSTG) Files Form 4 Insider Selling : Timothy Riitters Sells 3,231 Shares

Pure Storage, Inc. (PSTG): Timothy Riitters , Chief Financial Officer of Pure Storage, Inc. sold 3,231 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $13.50 per share for a total value of $43,618.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 4, 2016, James N White (10% owner) purchased 66,000 shares at $10.12 per share price.On Dec 10, 2015, Aneel Bhusri (director 10% owner) purchased 206,887 shares at $17.95 per share price.

Company has been under the radar of several Street Analysts.Pure Storage Inc is Initiated by Wells Fargo to Market Perform. The Rating was issued on Aug 2, 2016.Pure Storage Inc is Upgraded by Susquehanna to Neutral and the brokerage firm has raised the Price Target to $ 11 from a previous price target of $10 .Earlier the firm had a rating of Negative on the company shares. The Rating was issued on Jul 19, 2016.Pure Storage Inc is Initiated by Macquarie to Outperform. The Rating was issued on Jun 29, 2016.

Pure Storage Inc is a United States-based flash enterprise storage array company. The Company enables the deployment of flash in the data center. The Pure Storage FlashArray is ideal for high performance workloads including server virtualization desktop virtualization (VDI) database (OLTP real-time analytics) and cloud computing. Its application includes VMware Virtual Desktop Infrastructure (VDI) Oracle Database and structured query language (SQL) Server. Its vSphere Web Client plugin enables complete management of storage within VMware: automatically create expand or shrink datastores see array-side capacity and performance of each datastore and understand real storage usage through deduplication.

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